The development of the audit program is the final stage in:
A) the client acceptance decision.
B) audit planning.
C) the engagement letter.
D) documenting independence.

Question

Quizplus · Accepted Answer

The development of the audit program is part of the audit planning process, which is a crucial stage in the audit where the auditor identifies and assesses the risks of material misstatement, determines the audit scope and objectives, and plans the nature, timing, and extent of audit procedures to obtain sufficient appropriate audit evidence. The client acceptance decision, engagement letter, and documenting independence are separate stages in the audit process.

The Development of the Audit Program Is the Final Stage